SCHNEIDER ELECTRIC: Further difficulties ahead | SELL vs. NEUTRAL | EUR75 vs. EUR83 (-7%)
SCHNEIDER ELECTRIC - SELL vs. NEUTRAL | EUR75 vs. EUR83 (-7%)Further difficulties ahead
Reduced capex in the industry will have a negative impact
That the financial market doesn’t seem to appreciate, yet
We expect the consensus to further deteriorate
Downgrade to Sell
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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